Frederick Health Inc

Analysis

Frederick Health Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Frederick Health Inc reported income of $2.4m and spending of $6.3m, spending 259% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $562k to $2.4m (+336%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 171%. Over the whole period it spent 188% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Frederick Health Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Myotonic Dystrophy Foundation ($2.4m), Daughters of the Nile Foundation ($2.4m) and Mental Health America of Greater Houston Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $339.2m against liabilities of $27.5m, net assets of $311.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.